Establishing a Cash Flow Forecasting Model for Your Institution

Last updated December 9, 2014

Establishing a Cash Flow Forecasting Model for Your Institution

Last updated December 9, 2014

Overview

Managing institutional liquidity remains a crucial element of financial risk management at any institution. As external financial realities challenge many treasury offices, cash flow forecasting acts as a strong mitigating strategy for financial risk aversion. Those who are able to more accurately project and plan around cash flows have a strategic advantage in maintaining liquidity strength and investment planning.

Join us for an online training that walks through the critical components of establishing a cash flow forecasting model at your institution. Our expert instructor will walk through key challenges related to administrative collaboration, discuss how to work toward cash flow accuracy, and provide tips on how to design financial strategies around your cash flow forecast.

Who should attend?

Chief financial officers, budget directors, treasurers, and all others involved with monitoring cash flow at their institution will benefit from this session that offers a collaborative and integrated approach to overall cash flow forecasting.

Agenda

  • Preliminary Considerations for Cash Flow Forecasting
    • Bank structure – how many banks and accounts? International, domestic?
    • Technology – What should we consider regarding our ERP System?
    • Personnel – Does this require a new position, or strategic task integration?
    • Communication – With whom do I communicate and how often?
  • Building a Cash Flow Forecast
    • Gathering historical cash trends—incoming and outgoing
    • Overlay annual budget on trends
    • Incorporating outside data sources
    • Determining what reports are needed, frequency, and distribution strategy
  • Ensuring Cash Flow Accuracy and Efficacy
    • Daily monitoring of projection to actual
    • Periodic/monthly review to align with current trends and/or knowledge
    • Update with new sources/programs as knowledge is attained
  • Keys to Moving Forward with Cash Flow Forecasting
    • Addressing the evolution of technology, reporting, and process changes
    • Remaining flexible and proactive in treasury office